OverviewSuggest Edit

IPG Photonics is a company manufacturing high-power fiber lasers, fiber amplifiers, hybrid fiber or solid-state, and diode lasers. Its products are used in materials processing, communications, medical and advanced applications. The company also manufactures optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, chillers, and other complementary products.
TypePublic
Founded1990
HQOxford, MA, US
Websiteipgphotonics.com
Employee Ratings3.4
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2019)5,960(-4%)
Job Openings1
Revenue (FY, 2020)$1.2 B(-8%)
Share Price (Feb 2021)$227.4 (+4%)
Cybersecurity ratingFMore

Key People/Management at IPG Photonics

Valentin P. Gapontsev

Valentin P. Gapontsev

Chief Executive Officer and Chairman of the Board
Igor Samartsev

Igor Samartsev

Chief Technology Officer & Director
Jeanmarie F. Desmond

Jeanmarie F. Desmond

Director
Eugene Scherbakov

Eugene Scherbakov

Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
Timothy P.V. Mammen

Timothy P.V. Mammen

Chief Financial Officer and Senior Vice President
Alexander Ovtchinnikov

Alexander Ovtchinnikov

Senior Vice President, Components
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IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 31 other locations
Oxford, MA, US (HQ)
50 Old Webster Rd
Anaheim, CA, US
3150 La Palma Ave
Birmingham, AL, US
100 Lucerne Ln
Dallas, TX, US
3400 Carlisle St #210
Fridley, MN, US
5110 Main St NE #1400
Marlborough, MA, US
377 Simarano Dr, Marlborough
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IPG Photonics Financials and Metrics

IPG Photonics Revenue

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IPG Photonics's revenue was reported to be $1.20 b in FY, 2020
USD

Revenue (FY, 2020)

1.2b

Gross profit (FY, 2020)

539.0m

Gross profit margin (FY, 2020), %

44.9%

Net income (FY, 2020)

160.3m

EBIT (FY, 2020)

198.7m

Market capitalization (26-Feb-2021)

12.2b

Closing stock price (26-Feb-2021)

227.4

Cash (31-Dec-2020)

876.2m

EV

11.3b
IPG Photonics's current market capitalization is $12.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.0b1.4b1.5b1.3b1.2b

Revenue growth, %

12%40%4%

Cost of goods sold

453.9m612.0m659.6m708.4m661.7m

Gross profit

552.2m796.9m800.3m606.2m539.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

260.7m347.6m404.2m180.3m160.3m

Depreciation and Amortization

51.5m64.6m80.3m96.3m94.6m

Inventories

(53.6m)(71.1m)(135.4m)(28.1m)(39.9m)

Accounts Payable

(407.0k)2.3m(1.4m)(10.3m)(1.9m)
USDFY, 2016

Revenue/Employee

237.9k

Financial Leverage

1.1 x
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IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $712.3m in FY, 2018. IPG Photonics's Units Shipped was reported to be 43 k in FY, 2018. IPG Photonics's Enterprise Customers was reported to be 4.3 k in FY, 2018.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Enterprise Customers

2.70 k3.05 k3.20 k3.75 k4.30 k

Units Shipped

24.80 k32.80 k37.50 k46 k43 k

Backlog

$321 m$442.50 m$413.90 m$743.60 m$712.30 m

Patents Issued

170 200 240 270 350
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IPG Photonics Acquisitions / Subsidiaries

Company NameDateDeal Size
Laser Depth DynamicsDecember 04, 2017
Innovative Laser TechnologiesJune 19, 2017$40 m
Menara NetworksMay 09, 2016
JPSASeptember 04, 2012
IPG Laser GmbH
NTO IRE-Polus

IPG Photonics Revenue Breakdown

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IPG Photonics revenue breakdown by business segment: 5.9% from Other Applications and 94.1% from Materials Processing

IPG Photonics revenue breakdown by geographic segment: 43.1% from China, 13.9% from North America, 8.7% from Other Asia and Australia, 6.0% from Japan, 20.3% from Other Europe including Eastern Europe/CIS, 7.6% from Germany and 0.3% from Other

IPG Photonics Cybersecurity Score

Cybersecurity ratingPremium dataset

F

48/100

SecurityScorecard logo

IPG Photonics Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

IPG Photonics Online and Social Media Presence

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IPG Photonics Company Culture

  • Overall Culture

    B+

    77/100

  • CEO Rating

    A+

    85/100

  • Compensation

    C

    65/100

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IPG Photonics News and Updates

IPG Photonics Announces Fourth Quarter 2020 Financial Results

Company Ends 2020 with Year-Over-Year Growth in Sales and Strong Bookings

IPG Photonics to Announce Fourth Quarter 2020 Financial Results on February 16

OXFORD, Mass., Feb. 02, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will release its fourth quarter 2020 financial results before the market opens on Tuesday, February 16, 2021. The company will hold a conference call to review these results at 10:00 a.m. ET that same day. To…

IPG Photonics Further Strengthens Board with Addition of Jeanmarie Desmond and Natalia Pavlova

OXFORD, Mass., Jan. 07, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that the Company has appointed Ms. Jeanmarie Desmond and Ms. Natalia Pavlova to its board of directors, effective January 7, 2021. Mr. Igor Samartsev, the Company’s chief technology officer, i…

IPG Photonics Announces Third Quarter 2020 Financial Results

Revenue of $318 Million Exceeds the Top End of the Guidance Range

IPG Photonics to Announce Third Quarter 2020 Financial Results on October 30

OXFORD, Mass., Oct. 16, 2020 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will release its third quarter 2020 financial results before the market opens on Friday, October 30, 2020. The company will hold a conference call to review these results at 10:00 a.m. ET that same day. To ac…

Laser developer IPG Photonics hit by a ransomware attack

Nasdaq-listed U.S. laser company IP Photonics Corp. has been hit by a ransomware attack that shut down saw its information technology systems worldwide. First reported Friday by Bleeping Computer, the ransomware attack involved the RansomExx strain of ransomware, sometimes also dubbed Ransom X. Ran…
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IPG Photonics Frequently Asked Questions

  • When was IPG Photonics founded?

    IPG Photonics was founded in 1990.

  • Who are IPG Photonics key executives?

    IPG Photonics's key executives are Valentin P. Gapontsev, Igor Samartsev and Jeanmarie F. Desmond.

  • How many employees does IPG Photonics have?

    IPG Photonics has 5,960 employees.

  • What is IPG Photonics revenue?

    Latest IPG Photonics annual revenue is $1.2 b.

  • What is IPG Photonics revenue per employee?

    Latest IPG Photonics revenue per employee is $201.5 k.

  • Who are IPG Photonics competitors?

    Competitors of IPG Photonics include Thorlabs, Maxphotonics and nLIGHT.

  • Where is IPG Photonics headquarters?

    IPG Photonics headquarters is located at 50 Old Webster Rd, Oxford.

  • Where are IPG Photonics offices?

    IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 31 other locations.

  • How many offices does IPG Photonics have?

    IPG Photonics has 36 offices.